GRND (Grindr Inc.) Stock Financials & Earnings | Market Cap Arena

GRND (Grindr Inc.) Stock Financials & Earnings | Market Cap Arena

GRNDGrindr Inc.

Mkt Cap$2B

Technology·Software - Application·🇺🇸 United States·NYSE

Revenue (TTM)$440M

Net Income (TTM)$95M

EPS (TTM)$0.44

Free Cash Flow (TTM)$135M

Gross Margin74.2%

Op. Margin28.7%

Net Margin21.5%

FCF Margin30.7%

P/S Ratio (TTM)5.0x

P/E Ratio (TTM)23.1x

YoY Rev Growth+27.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$56M	$41M	$9M
Q2 23	$62M	$45M	$14M
Q3 23	$70M	$52M	$17M
Q4 23	$72M	$54M	$16M
Q1 24	$75M	$56M	$19M
Q2 24	$82M	$61M	$25M
Q3 24	$89M	$66M	$28M
Q4 24	$98M	$74M	$20M
Q1 25	$94M	$69M	$25M
Q2 25	$104M	$77M	$24M
Q3 25	$116M	$87M	$45M
Q4 25	$126M	$93M	$31M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	10.6x	—
Q2 23	9.8x	—
Q3 23	9.0x	—
Q4 23	8.4x	—
Q1 24	7.8x	—
Q2 24	7.3x	—
Q3 24	6.9x	—
Q4 24	6.3x	—
Q1 25	6.0x	—
Q2 25	5.7x	—
Q3 25	5.3x	—
Q4 25	5.0x	23.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$9M	$7M
Q2 23	$6M	$6M
Q3 23	$8M	$8M
Q4 23	$13M	$12M
Q1 24	$20M	$19M
Q2 24	$16M	$14M
Q3 24	$29M	$28M
Q4 24	$30M	$28M
Q1 25	$24M	$23M
Q2 25	$38M	$37M
Q3 25	$55M	$51M
Q4 25	$23M	$23M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$1M
Q2 23	$63K
Q3 23	$145K
Q4 23	$738K
Q1 24	$1M
Q2 24	$2M
Q3 24	$1M
Q4 24	$1M
Q1 25	$628K
Q2 25	$192K
Q3 25	$4M
Q4 25	$217K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+28.2%	+35.9%
Q2 23	+32.2%	-2.0%
Q3 23	+39.4%	+15.4%
Q4 23	+32.2%	+7.0%
Q1 24	+35.0%	+18.8%
Q2 24	+33.8%	+21.4%
Q3 24	+27.1%	+13.5%
Q4 24	+35.4%	+38.6%
Q1 25	+24.7%	+22.2%
Q2 25	+26.6%	+38.2%
Q3 25	+29.6%	+15.7%
Q4 25	+29.0%	+22.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3M	6.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$5M	7.3%
Q1 24	$8M	10.4%
Q2 24	$8M	9.4%
Q3 24	$7M	7.9%
Q4 24	$15M	15.0%
Q1 25	$11M	11.7%
Q2 25	$17M	15.9%
Q3 25	$6M	5.2%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$6M	—	—	$19M
Q2 23	$6M	—	—	$17M
Q3 23	$13M	—	—	$16M
Q4 23	$8M	$23M	$2M	—
Q1 24	$6M	—	—	$27M
Q2 24	$8M	—	—	$25M
Q3 24	$9M	—	—	$25M
Q4 24	$14M	$29M	$8M	—
Q1 25	$10M	—	—	$30M
Q2 25	$13M	—	—	$36M
Q3 25	$11M	—	—	$29M
Q4 25	$15M	—	—	$47M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	28.2%	2.9%	31.1
Q2 23	32.2%	47.7%	79.9
Q3 23	39.4%	26.4%	65.8
Q4 23	32.2%	42.6%	74.8
Q1 24	35.0%	6.1%	41.1
Q2 24	33.8%	-8.0%	25.9
Q3 24	27.1%	45.8%	72.9
Q4 24	35.4%	22.9%	58.3
Q1 25	24.7%	41.4%	66.1
Q2 25	26.6%	26.8%	53.4
Q3 25	29.6%	39.6%	69.2
Q4 25	29.0%	25.7%	54.8

Revenue Segments

Quarter	Europe	North America	Other Countries	Advertising	License and Service
Q1 23	$4M	$33M	$18M	—	—
Q2 23	$5M	$36M	$21M	—	—
Q3 23	$6M	$40M	$24M	—	—
Q4 23	—	—	—	$10M	$62M
Q1 24	—	—	—	$11M	$64M
Q2 24	—	—	—	$12M	$70M
Q3 24	—	—	—	$12M	$77M
Q1 25	—	—	—	$14M	$80M
Q2 25	—	—	—	$17M	$87M
Q3 25	—	—	—	$19M	$96M

Revenue by Geography

Quarter	Europe	North America	Other Countries	Non-US	United States
Q1 23	$4M	$33M	$18M	—	—
Q2 23	$5M	$36M	$21M	—	—
Q3 23	$6M	$40M	$24M	—	—
Q1 24	$18M	$46M	$12M	—	—
Q2 24	$20M	$50M	$13M	—	—
Q3 24	$23M	$53M	$13M	—	—
Q4 24	$23M	$60M	$15M	—	—
Q1 25	$21M	$58M	$15M	—	—
Q2 25	$24M	$63M	$17M	—	—
Q3 25	—	—	—	$50M	$66M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$34M	$0	$34M
Q2 23	$22M	$0	$22M
Q3 23	$30M	$0	$30M
Q4 23	$28M	$0	$28M
Q1 24	$22M	$0	$22M
Q2 24	$16M	$0	$16M
Q3 24	$39M	$0	$39M
Q4 24	$59M	$0	$59M
Q1 25	$256M	$0	$256M
Q2 25	$121M	$0	$121M
Q3 25	$6M	$0	$6M
Q4 25	$87M	$0	$87M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	174M	+0.0%
Q2 23	174M	+0.4%
Q3 23	174M	-0.2%
Q4 23	175M	+0.5%
Q1 24	176M	+0.3%
Q2 24	176M	+0.1%
Q3 24	180M	+2.4%
Q4 24	176M	-2.3%
Q1 25	201M	+14.3%
Q2 25	200M	-0.6%
Q3 25	193M	-3.6%
Q4 25	185M	-4.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$965K	202
FY 23	$2M	112
FY 24	$2M	147
FY 25	$3M	165